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brentspeak (1000+ posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:36 PM Original message |
Can someone explain how allowing JP Morgan to buy Bear for $2/share will save the market? |
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Vincardog (1000+ posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:39 PM Response to Original message |
1. IT is a CYA move by the brain trusts that got Bear into the mess. Risk Capitalism |
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DemocratInSoCal (402 posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:39 PM Response to Original message |
2. Because The Corporate WHORE Media Will Say So |
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aquart (1000+ posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:44 PM Response to Reply #2 |
9. Bear got itself into this mess. |
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Speck Tater (1000+ posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:40 PM Response to Original message |
3. It won't help confidence, but... |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:42 PM Response to Reply #3 |
5. Thanks, that's probably the best layman's expalanation I've seen |
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brentspeak (1000+ posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:42 PM Response to Reply #3 |
6. Good explanation. Thanks. |
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Indiana_Dem (1000+ posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:43 PM Response to Reply #3 |
8. so will cash be king? or will it be worth nothing?nt |
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Yavin4 (1000+ posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:45 PM Response to Reply #3 |
10. However, Just Because This Hole In The Boat May Have Been Plugged |
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soothsayer (1000+ posts) Send PM | Profile | Ignore | Mon Mar-17-08 12:08 AM Response to Reply #3 |
15. ahem, the Fed gave JPM money to buy bear, so it's all a bit of a ploy |
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keep_it_real (1000+ posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:41 PM Response to Original message |
4. It won't; the Dow is down 200 plus; the hand writting is on the wall. |
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WillowTree (1000+ posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:42 PM Response to Original message |
7. That alone won't save the market. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:45 PM Response to Original message |
11. It won't. |
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Speck Tater (1000+ posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:53 PM Response to Reply #11 |
14. At the price BS was purchased... |
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HuffleClaw (1000+ posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:46 PM Response to Original message |
12. seems like a shell game to me |
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clixtox (941 posts) Send PM | Profile | Ignore | Sun Mar-16-08 10:51 PM Response to Original message |
13. Apparently JP Morgan/Chase... |
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BluWtrLynn (20 posts) Send PM | Profile | Ignore | Mon Mar-17-08 12:13 AM Response to Original message |
16. The alternative was bankruptcy. |
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